Buying a home is one of the most important financial decisions you’ll ever make — and understanding the mortgage process is key to making confident, informed choices.

In this section, you’ll find educational resources designed to help you navigate every step of the home buying journey. Whether you’re a first-time homebuyer, moving up to your next home, purchasing an investment property, or exploring options for a second home, these articles break down complex mortgage concepts into clear, practical guidance.

Topics include:

  • Getting pre-approved
  • Understanding credit and qualifying
  • Down payment assistance programs
  • Closing costs and escrow
  • Appraisals and underwriting
  • The mortgage process from offer to keys

My goal is to help you understand not just how to qualify — but how to structure your financing strategically so it supports your long-term financial goals.

If you’re buying a home in Washington State (or anywhere in the U.S.), and you want thoughtful guidance instead of pressure, this is a great place to start.

Are First Time Home Buyers Missing Out?

December 11, 2012 by Leave a Comment

A recent survey shows that those buying their first home are making up a smaller percentage of home buyers. From US News:

The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released last week, found that first-time home buyers were purchasing only 34.7 percent of the homes sold in October. That’s down from 37.1 percent in September, and is the lowest percentage ever recorded by the survey.

This decline surfaces as purchases of non-distressed homes—houses that are not in foreclosure—have increased dramatically in 2012. The report shows that the vast majority of the homes being sold are regular purchases—accounting for 64.7 percent of all houses sold in October, up from 55.7 percent in February. The increase is a sign of strength in the housing market, as fewer people are buying homes in foreclosure.

[Read more…]

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Should I refinance my car before buying a home?

September 19, 2012 by 2 Comments

Short answer: probably not.

Why? The refinance of the car will impact your credit score as if you have purchased a new car. Credit scoring favors established older debt over new debt. Once you have that new loan, even if the payment is lower and interest rate is lower, the established old debt is paid off and eventually loses the positive impact to your credit scores.

[Read more…]

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More Listing Agents Performing “Sniff Test” on Mortgage Originators

May 21, 2012 by Leave a Comment

I’m noticing that more listing agents are performing, what I like to call, “sniff test” to check out the lender who has prepared the preapproval letter. By the way, I think this is an excellent idea. This is especially true if the listing agent is reviewing multiple offers, which is happening more in the greater Seattle area with non-distressed homes that are desirable and priced right.

The sniff test is typically a phone call by the listing agent so they can get an idea about the mortgage originator. The listing agent should not ask personal information about the potential home buyer (such as credit scores or available funds). [Read more…]

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Seattle Bidding Wars: What You Need to Know to Help “Win” Your Home

April 24, 2012 by 4 Comments

I’m noticing more “bidding wars” on new listings in the greater Seattle-Bellevue area. Because of the lack of non-distressed inventory and current low interest rates, multiple offers may occur driving the sales price higher than the original offered price. Sellers and listing agents may try to create an environment for a bidding war by slightly delaying the review of offers and by pricing the home either at or slighltly under what may considered “market value”.

Here are a few tips to remember should you find yourself in a possible “bidding war”. [Read more…]

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